Forex: GBP/USD rallies above 1.6200
Forex pairs in this Article »
GBP/USD
FXstreet.com (Córdoba) - Following a consolidation phase, the Cable broke to the upside and accelerated after comments from a US Republican Senator assuring that politicians will have a solution to the fiscal cliff.
GBPUSD has gained over 90 pips within the last hours and recently printed a 10-day high of 1.6247 before finding resistance. At time of writing, GBPUSD is quoting at the 1.6240 zone, 0.5% above its opening price.
As for technical levels, immediate resistances are seen at 1.6265, 1.6300 and 1.6340. On the other hand supports could be faced at 1.6150, 1.6130 and 1.6100.
GBPUSD has gained over 90 pips within the last hours and recently printed a 10-day high of 1.6247 before finding resistance. At time of writing, GBPUSD is quoting at the 1.6240 zone, 0.5% above its opening price.
As for technical levels, immediate resistances are seen at 1.6265, 1.6300 and 1.6340. On the other hand supports could be faced at 1.6150, 1.6130 and 1.6100.
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